(a) A local government unit or a nonprofit water
corporation is eligible to apply for a loan or grant from the CWSRF, the DWSRF,
the Wastewater Reserve, or the Drinking Water Reserve. An investor-owned
drinking water corporation is also eligible to apply for a loan or grant from
the DWSRF. Other entities are not eligible for a loan or grant from these
accounts.

(b) Entities eligible in subsection (a) of this
section for grants from the Wastewater Reserve and the Drinking Water Reserve
may be limited, based on affordability, to a portion of the total construction
costs for the project types defined in G.S. 159G-33(a)(2) and G.S. 159G-34(a)(2).

(c) To the extent that funds are available, loans
shall be considered for the portion of construction costs not eligible for
grant funding. (2005-454, s. 3; 2011-145, s.
13.11A(b); 2015-241, s. 14.13(c2).)